Kazakhstan to cut oil export duty
Astana, Kazakhstan, Feb. 11
By Daniar Mukhtarov - Trend:
Kazakhstan will reduce the oil export customs duty from $80 to $60 per one metric ton, the Kazakh national economy minister, Yerbolat Dossayev, told reporters following an extended government meeting.
"The export customs duty on oil will be reduced along with the budget," he said. "The reduction, according to calculations, will be down to $60 per one metric ton as soon as the parliament adopts the budget."
Earlier, Kazakhstan's energy minister, Vladimir Shkolnik, was quoted as saying that the government will optimize taxes for mining enterprises until the end of the first quarter of 2015.
The rate of the oil export customs duty in Kazakhstan stands at $80 per one metric ton. The cost of the oil production on average amounts to $50 per barrel in Kazakhstan.
Edited by SI